Notable Put Options Activity in Shutterfly

Shares of Shutterfly

are higher on the session by 0.74%, currently trading at $23.14. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $25.00 put, which has traded 1,700 times on open interest of 184 contracts. Put volume is outpacing call volume by 8 to 1. Shutterfly, Inc. is an Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories its technology, manufacturing, Web-design and merchandising capabilities.